Avingtrans completes acquisition of Hayward Tyler Group

Avingtrans has completed a reverse takeover of fellow AIM-listed engineering company Hayward Tyler Group, a manufacturer of motors and pumps for the energy industry. HTG’s reputation is founded on its work in the nuclear and oil and gas sectors; Avingtrans hopes that the acquisition will enable it to make inroads into the Chinese nuclear energy market. The £50m deal creates a global business with over 750 employees and a turnover of approximately £90m per annum.

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